UBS Group set a $155.00 target price on United Technologies (NYSE:UTX) in a research note issued to investors on Thursday. The firm currently has a buy rating on the conglomerate’s stock.
Several other analysts have also recently issued reports on the company. Barclays increased their target price on United Technologies from $157.00 to $159.00 and gave the stock an overweight rating in a research report on Monday, February 26th. Stifel Nicolaus reiterated a hold rating and set a $139.00 target price on shares of United Technologies in a research report on Friday, February 16th. Cowen reiterated a hold rating and set a $141.00 target price on shares of United Technologies in a research report on Sunday, February 11th. Argus upgraded United Technologies from a hold rating to a buy rating in a research report on Friday, February 9th. Finally, ValuEngine upgraded United Technologies from a hold rating to a buy rating in a research report on Friday, February 2nd. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $137.00.
United Technologies (NYSE UTX) traded down $0.16 during trading hours on Thursday, hitting $129.09. The company had a trading volume of 3,154,680 shares, compared to its average volume of 5,092,322. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. United Technologies has a 12-month low of $109.10 and a 12-month high of $139.24. The stock has a market capitalization of $103,370.00, a PE ratio of 19.72, a P/E/G ratio of 2.13 and a beta of 1.05.
United Technologies (NYSE:UTX) last released its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.04. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.34 billion. During the same quarter last year, the business posted $1.56 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. research analysts predict that United Technologies will post 7.05 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Friday, February 16th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, February 15th. United Technologies’s dividend payout ratio is presently 42.68%.
In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the completion of the transaction, the vice president now owns 4,900 shares in the company, valued at approximately $661,255. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. bought a new stake in shares of United Technologies in the 4th quarter valued at approximately $103,000. Knowledge Leaders Capital LLC bought a new stake in shares of United Technologies in the 3rd quarter valued at approximately $105,000. Wealthcare Advisory Partners LLC bought a new stake in shares of United Technologies in the 3rd quarter valued at approximately $118,000. Thompson Davis & CO. Inc. lifted its stake in shares of United Technologies by 750.4% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,080 shares of the conglomerate’s stock valued at $125,000 after purchasing an additional 953 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of United Technologies by 3.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,090 shares of the conglomerate’s stock valued at $133,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 82.38% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/16/united-technologies-utx-given-a-155-00-price-target-at-ubs-group.html.
About United Technologies
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.